24-07-2017
12:52 am
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Tag: bitcoin technical analysis

Bitcoin Price Technical Analysis for 07/21/2017 – Back to Record Highs! No Comments

Bitcoin Price Key Highlights Bitcoin price recently staged a strong break past the descending channel formation. Price has surged close to its all-time highs and is showing enough bullish momentum to go for new ones. Applying the Fibonacci retracement tool on the latest swing low and high shows potential correction levels. Bitcoin price made a strong rally to its record highs, and mo...


Bitcoin Price Technical Analysis for 07/20/2017 – Double Top In Sight! No Comments

Bitcoin Price Key Highlights Bitcoin price could be in for a drop as it tests a long-term resistance level and has formed a double top pattern. Price has yet to break below the neckline before confirming the potential selloff. Technical indicators are showing mixed signals at the moment. Bitcoin price is still hovering around its long-term resistance and showing a short-term reversal...


Bitcoin Price Technical Analysis for 07/19/2017 – Next Downside Targets No Comments

Bitcoin Price Key Highlights Bitcoin price is completing its pullback to the broken triangle support at $2400. This lines up with a Fibonacci retracement level and the extension tool shows the next potential support areas. Technical indicators are showing that the selloff could resume around these levels. Bitcoin price might be done with its correction and the Fibonacci extension too...


Bitcoin Price Technical Analysis for 07/18/2017 – Bears Back on Top? No Comments

Bitcoin Price Key Highlights Bitcoin price is trending lower, moving inside a descending channel connecting the highs and lows since mid-July. Price just bounced off support around $1850 and is pulling back to the resistance. Applying the Fibonacci retracement tool on the swing high and low shows the potential upside inflection points. Bitcoin price is in the middle of a correction f...


Bitcoin Price Technical Analysis for 07/17/2017 – Broken Support Pullback No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below support of the descending triangle pattern on its 4-hour chart. Price found support around $1850 and could be due for a pullback before heading further south. Applying the Fibonacci retracement tool shows potential resistance levels. Bitcoin price could be due for a correction from its breakdown move so that more sellers...


Bitcoin Price Technical Analysis for 07/14/2017 – Descending Triangle Support No Comments

Bitcoin Price Key Highlights Bitcoin price has formed lower highs and found support around $2320, creating a descending triangle pattern visible on its 4-hour chart. Price is currently testing the triangle support, still deciding whether to make a bounce or a break. Technical indicators are signaling that further losses are in the cards. Bitcoin price is hovering at the bottom of its...


Bitcoin Price Technical Analysis for 07/13/2017 – Bearish Channel Forming? No Comments

Bitcoin Price Key Highlights Bitcoin price is in selloff mode but could be due for a pullback to nearby resistance levels. A small double bottom pattern can be seen on the short-term time frames, signaling bearish exhaustion and potential profit-taking. Price is also moving inside a descending channel pattern on its 1-hour chart and has just bounced off support. Bitcoin price could b...


Bitcoin Price Technical Analysis for 07/12/2017 – How Low Can It Go? No Comments

Bitcoin Price Key Highlights Bitcoin price resumed its selloff after completing a quick pullback off its recent slide. Applying the Fibonacci extension tool on the correction move shows the next downside targets. Price is currently bouncing off the 50% extension and might be due for another pullback. Bitcoin price is testing recent lows after its brief correction, signaling that bear...


Bitcoin Price Technical Analysis for 07/11/2017 – Will Bears Take Over? No Comments

Bitcoin Price Key Highlights Bitcoin price was previously stuck in a symmetrical triangle consolidation pattern as bulls and bears have been battling it out. Price finally picked a direction and broke lower, signaling that sellers have gained the upper hand. This also allows bitcoin price to complete its complex head and shoulders formation, which is a classic downtrend signal. Bitco...


Bitcoin Price Technical Analysis for 07/10/2017 – Time for a Breakout? No Comments

Bitcoin Price Key Highlights Bitcoin price is still stuck inside its symmetrical triangle consolidation pattern visible on the 4-hour time frame. Price is currently testing support and may be due for another quick bounce up to the resistance. Price is approaching the peak of the formation so a breakout could take place anytime soon. Bitcoin price is moving closer to the peak of its t...


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